The St. Johns herald., 1887-04-14

Board of Supervisors and said Treasurer. The said bonds shall be consecutively numbered.
 Sec. 4. Each of said bonds shall state upon its face the amount for which it is issued, when and where payable, date of issue, time and place of payment, payable to bear CT, rate of interest, when and where payable, and must also recite that it is issued in conformity with this act, and this act shall be printed on the back thereof.
 Sec. 5. The Board must from time to time, in such amounts as it may deem best, deliver said bonds to the County Treasurer, and take and file his receipt therefor, charg- ing with the same, and any duties required of said Board, in pursu- ance of the provisions of this act, may be performed at any general, special or called meeting thereof; the Treasurer shall stand charged upon his official bond for the bonds so delivered to him and the pro- ceeds derived therefrom, and the said Board shall require of him ad- ditional bonds of office
 Sec. 6. The Treasurer must, un- der the general supervision of said Board, sell said bonds for cash, or exchange them for any of the coun- ty indebtedness, for the redemption of which they were so issued; but in no case must said bonds be sold or exchanged for less than their face or par value and the accrued interest at the time of their dispo- sal, nor must any county indebted ness be redeemed at more than it's face value and interest that may be due thereon. If any portion of said bonds are sold for money, the proceeds must be applied exclusive ly toward the redemption of said county indebtedness for the re- demption of which such bonds were issued, and the Treasurer shall give notice as provided by law, in case of payment and redemption of county warrants, of his readi- ness to redeem such indebtedness, and thereafter interest on all such indebtedness due and outstanding shall cease.
 Sec. :. When the Treasurer re- deems any county indebtedness he must endorse by writing or stamp ing in ink, on the face of the paper evidencing such indebtedness, so redeemed, the time when and the amount for which redeemed, wheth- CT by money or exchange of bonds, and the words redeemed and can celled." He must keep record in book provided for that purpose and called "Bond Registry" of all bonds disposed by him, showing their number, rate of interest, date and amount of sale, when, where and to whom payable, and if ex changed, for what; which record he must keep open for inspection by the public, and he must make such detailed statement to and as often as required by said Board, of all his transactions under the provis- ions of this act, and turn over to the said Board all the evidence of indebtedness redeemed by him and cancelled as aforesaid.
 Sec. 8. No sale shall be made by the Treasurer of any such bonds, except to the highest bidder, for the whole or any part of such bonds, after advertising for bids for the purchase of the same for not less than three weeks, in at least one newspaper published in the coun- ty and if there be none, then by posting, for the same length of time. notices in three public places within the county, one being at the court house door, and also by at least one advertisement in a news pap'r published in each the city of New York and the city of San Fran cisco, the right being reserved in